Sen. Carl Levin Plans to Grill The IRS Over Dark Money

Sen. Carl Levin, right, in the Detroit Red Wings jersey.<a href="http://www.flickr.com/photos/peopleforcherry/3566431923/sizes/m/in/photostream/">People for Cherry</a>/Flickr

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In his Tuesday column, the New York Times‘ Joe Nocera hails Democrat Carl Levin, the tough, irascible senior senator from Michigan who will retire at the end of his sixth term in December 2014. Nocera calls Levin “the Senate’s muckraker,” and he’s right: As the top Democrat on the Permanent Subcommittee on Investigations, Levin has probed shady mortgage dealings, the dark world of derivatives, feckless ratings agencies, and more. He famously said “shitty deal” a dozen times during a hearing with Goldman Sachs executives on, well, Goldman’s shitty mortgage deals.

At the end of his column, Nocera drops in this juicy detail:

Toward the end of my interview with Levin, he let slip a tantalizing tidbit. Sometime in the next few months, the permanent subcommittee plans to call the Internal Revenue Service to task for allowing the political super PACs to be classified as tax-exempt 501(c)(4)s. “Tax-exempt 501(c)(4)s are not supposed to be engaged in politics,” he said. “It is against the law to do so.” Then he added, with a certain undeniable relish, “We’re going to go after them.”

Oh, boy!

Oh, boy, indeed! Finally, someone in power plans to grill the IRS on why it is allowing hundreds of millions of dollars in secret money to flow through supposedly nonpartisan “social welfare organizations” and into our elections. Levin’s comments aren’t a complete surprise. In his retirement announcement, Levin said his investigative subcommittee will “look into the failure of the IRS to enforce our tax laws and stem the flood of hundreds of millions of secret dollars flowing into our elections, eroding public confidence in our democracy.”

We’re keenly interested in dark money here at Mother Jones, and as Mother Jones‘ own dark money reporter—yep, it’s there in my bio—I can’t wait to see what Levin digs up. Levin and his staff declined multiple interview requests, so you’ll just have to keep an eye on this space as the story develops.

More Mother Jones reporting on Dark Money

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

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As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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